News

Bloomberg Apple Inc is jumping into India’s crowded film and TV streaming market with services that could undercut premium global brands like Netflix Inc and Amazon.com Inc that are also betting on growth in the country. The technology giant’s Apple TV+ includes original content from filmmakers including M Night Shymalan and will be available from November 1 via the Apple ...

Bloomberg Apple Inc’s decision to skip support for the latest wireless standard on its new iPhones may cost the company a chance at capturing China’s biggest smartphone replacement wave in years. The iPhone maker, which is the only foreign brand to hold a top-five position in China, is struggling to fight off local competitors Huawei Technologies Co, Oppo and Xiaomi, ...

Bloomberg The UK is launching a 200 million-pound ($247 million) DNA database to boost the prevention and treatment of life-threatening diseases from cancer to Alzheimer’s. Backed by 100 million pounds from pharma giants GlaxoSmithKline Plc, Johnson & Johnson, AstraZeneca Plc and Amgen Inc, the initiative will analyse and sequence the genetic codes of 500,000 volunteers at the UK Biobank. “This ...

Bloomberg Charles Schwab Corp said it is cutting 600 jobs, or about 3 percent of the workforce, as the San Francisco-based broker-dealer and wealth-advisory firm faces “an increasingly challenging economic environment.” “These actions are a prudent step to ensure we manage our expense growth while continuing to invest in initiatives that allow us to achieve greater scale and efficiency,” the ...

Bloomberg A measure of underlying US producer prices that excludes food and fuel picked up in August after posting its smallest gain in two years, indicating inflation may be starting to stabilise. So-called core producer prices increased 2.3 percent in August from a year earlier, topping the Bloomberg survey median forecast, following a 2.1 percent gain, a Labor Department report ...

Bloomberg State attorneys general investigating Google are ordering it to turn over a wide range of information about its advertising business, according to an investigative demand that takes direct aim at the biggest source of the company’s revenue. Texas Attorney General Ken Paxton’s office, which is leading the nationwide probe, issued a 29-page civil investigative demand obtained by Bloomberg. In ...

Last week’s news headlines were dominated by hawks on the European Central Bank’s (ECB) governing council pushing back against the restart of quantitative easing. It’s a sure sign that Mario Draghi, the soon-to-depart ECB president, is readying the bond-buying bazooka once again. He has little choice but to ignore the protests of Germany, France and the Netherlands. As central banks ...

DUBAI / WAM The UAE has ranked first globally in mobile-broadband subscriptions and network coverage, and second in mobile-cellular telephone subscriptions, according to the Travel & Tourism Competitiveness Report 2019, issued by the World Economic Forum. Commenting on this achievement, Hamad Obaid Al Mansoori, Director-General of the Telecommunications Regulatory Authority, TRA, stated, “The UAE’s global achievements are the result of ...

Bloomberg Oil advanced to highest level since July after the head of Organisation of Petroleum Exporting Countries (Opec) said that the group had been “very conservative” with its oil demand estimates and that there was no global recession on the horizon. Futures rose as much as 1.6% in New York on Tuesday, gaining for the fifth consecutive day. At a ...

Bloomberg Arabtec Holding shares soared in Dubai after the company started talks to merge with Abu Dhabi-based Trojan Holding LLC. The stock advanced as much as 13%, the steepest intraday gain since July 2017, as Arabtec said the entities began a study to potentially combine their construction businesses and may merge after technical, financial and legal reviews. It didn’t provide ...